Market overview

The crypto market cap grew by 2.6% to $2.33 trillion. The market remains stuck in a narrow range, moving from the lower boundary on Saturday to the upper boundary at the start of the day on Tuesday. At times like this, attention turns to whether there will be an upward breakout and a reversal of the February pattern. On the sellers’ side, the pull towards the dollar is a strong headwind for USD-denominated quotes. On the other hand, this is a chance for Bitcoin and major cryptocurrencies to play their role as a safe haven, providing shelter from the storm.

Bitcoin rose to $70K, but Tuesday morning’s decline brought its price back to $67K, indicating significant resistance from sellers on the upside. The first